M&A Deal Summary

Capstone Acquires Far West Mining

On June 17, 2011, Capstone acquired metals/mining company Far West Mining from Pacific Road Capital for 756M USD

Acquisition Highlights
  • This is Capstone’s 1st transaction in the Metals/Mining sector.
  • This is Capstone’s largest (disclosed) transaction.
  • This is Capstone’s 1st transaction in Canada.
  • This is Capstone’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-06-17
Target Far West Mining
Sector Metals/Mining
Buyer(s) Capstone
Sellers(s) Pacific Road Capital
Deal Type Add-on Acquisition
Deal Value 756M USD

Target

Far West Mining

Vancouver, British Columbia, Canada
website
Far West Mining Ltd. is a mineral exploration company, engages in the evaluation, acquisition, exploration, and development of mineral properties in Chile and Australia.

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Buyer(S) 1

Buyer

Capstone

Vancouver, British Columbia, Canada

website

Category Company
Founded 2009
Sector Metals/Mining
Revenue 454M USD (2020)
DESCRIPTION

Capstone engages in the exploration, development, and operation of mineral resource properties. Capstone was founded in 2009 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Capstone Mining - Minto Mine

Vancouver, British Columbia, Canada

Capstone Mining Corp. - Minto Mine is an open pit and underground copper-gold-silver mine located in central Yukon, approximately 240 kilometers north of the capital Whitehorse along the Klondike Highway. The Minto mine has been in continuous production since 2007 and is presently the only operating mine in Yukon territory. In excess of US$350 million of capital expenditure has been invested in Minto operations since site construction began some 12 years ago.

Sell $20M

Seller(S) 1

SELLER

Pacific Road Capital

Sydney, Australia

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 796M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pacific Road Capital is a private equity manager investing in the global mining industry. PRC provides expansion and buyout capital for mining projects, mining-related infrastructure, and mining services. The Firm's target investment size is US $15 to $40 million. PRC will consider projects located in resource rich areas including Australia, Asia, Africa, and the Americas. PRC's investment horizon is three to five years. Pacific Road Capital was founded in 2006 and is located in Sydney, Australia.

DEAL STATS #
Overall 2 of 5
Sector (Metals/Mining) 2 of 5
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 3
Country (Canada) 1 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-05 Li3 Energy

Lima 27, Peru

Li3 Energy, Inc. is an exploration company in the lithium and potassium mining sector. Li3 aims to acquire, develop, and commercialize a significant portfolio of lithium brine deposits in the Americas.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Base Resources

West Perth, Australia

Base Resources develops mineral resources in Africa. It primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya. Base Resources was founded in 2007 and is based in West Perth, Australia.

Buy -
Mergr

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